Tag: Footies

techfinancials
June 19, 2020 BY Steffy Bogdanova

TechFinancials reports 56% fall in revenues for the financial year

TechFinancials invested resources in its subsidiary Footies for the development of a blockchain driven ticketing software and app, for Sports Venues and teams. Footies has continued to add new software components to serve Event Creators allowing them to establish and manage events while controlling the tickets. The Footies development expenses were included in the reports…

Read more
TechFinancials converts loan into Footies
March 05, 2020 BY Steffy Bogdanova

TechFinancials converts loan into Footies

Fintech provider TechFinancials, Inc., announced that following 15 July 2019 funding agreement with for subsidiary Footies Ltd, the company has converted its $300,000 loan into 4,285 new shares of £0.01 in Footies Ltd. The transaction was at approximately $70.00 per share and amounted to valuation of US $1,000,000 post-money for Footies. After the transaction TechFinancials…

Read more
TechFinancials converts loan into Footies
December 03, 2019 BY Valentina Kirilova

TechFinancials to close DragonFinancials, focus business efforts in blockchain applications

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced that they have decided to make substantial adjustments to their operating structure and cost base while seeking to develop its newer blockchain based businesses. The company's 51% owned B2C subsidiary, DragonFinancials has suffered from an increasingly challenging regulatory and business environment, resulting in losses which started in…

Read more
TechFinancials converts loan into Footies
June 20, 2019 BY Valentina Kirilova

TechFinancials announces a 42% YoY decrease in revenues in FY18

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this week its results for the year ended 31 December 2018, and as expected, they don't look good at all. Financial Highlights Revenues of US$7.8 million (2017: US$13.4 million) a decrease of 42% Blockchain trading technology revenues of US$3.8 million (2017: US$0.24 million) increased…

Read more